What are the responsibilities and job description for the Financial Analyst position at Houston Federal Credit Union?
Financial Analyst
Location : 16320 Kensington Dr., Sugar Land, Texas 77479
Employment Type : Full Time
Duty Hours : Monday - Friday : 8 : 00 am to 5 : 00 pm
Role :
Performs specialized financial, accounting and planning activities following departmental procedures and guidelines in accordance with standards established by the President / CEO, Board of Directors and the National Credit Union Administration (NCUA). Assists in the preparation of special studies; reports; analyses; and recommendations in areas such as budgets, forecasts, financial plans, statistical reports and business forecasts. Monitors and analyzes the financial statements of the credit union by specifically measuring, analyzing, and communicating the costs and benefits of products, services, departments, and branches to the VP of Finance. Thoroughly analyzes and clearly communicates levels of exposure to interest rate risk to Asset-Liability Management Committee (ALCO). Assist other departmental managers with financial analysis with product development and / or enhancements.
Essential functions & Responsibilities :
- Participates and supports the analytical needs of the credit union in the development of strategic plans, the annual budgeting process, stress testing, and other complex financial analysis.
- Develops regular and ad-hoc studies and analyses that focus management's attention on the most significant elements of balance sheet structure, funding considerations, income forecasts, and earnings at risk using sophisticated analytical methods and state-of-the-art asset / liability and income forecasting software tools.
- Develops the formulation of analyses that evaluate the impact to the financial condition of the credit union from changes to policies, processes, regulatory guidance, the introduction of new products on earnings / risk, and the impact from mergers and asset acquisitions / disposition strategies.
- Monitors and forecasts key balance sheet, NII, NIM, ROA and capital metrics on a pro-forma
basis, including risk-based capital, liquidity, and other regulatory measurements as required in carrying out assigned duties.
Asset / Liability Policy and as requested by management. Maintains file of all ALCO reports for audit, performs ALM analysis to assist with proposals brought before the committee and prepares weekly liquidity report for transmission to all ALCO members.
Knowledge and Skills :
Experience :
Must have a minimum of two (2) years' experience in a similar position. Asset Liability Management and Investment experience is preferred.
Education :
Must have a bachelor's degree in finance, Applied Mathematics or related field of study.
Interpersonal Skills :
The role requires regular interaction with individuals and teams beyond immediate colleagues, including external vendors, clients, and internal stakeholders. These interactions
involve gathering and sharing financial information, resolving queries, and ensuring clear communication of analysis or recommendations. Strong interpersonal skills, such as active
listening, professional courtesy, and the ability to explain complex financial concepts in simple terms are essential. The role also involves maintaining positive relationships
through collaboration and effective problem-solving.
Other Skills :
1. Previous asset-liability management experience, or a strong desire to be involved with asset-liability management is required
2. Advanced proficiency with Microsoft Excel.
3. Strong quantitative analysis and presentation skills.
4. Ability to maintain a flexible schedule.
Physical Requirements :
1. Stand or sit for long periods of time.
2. Lift 10 - 20 lbs.
Must have qualities that are consistent with our CORE Values :
